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Leonidas Squeeze Momentum System

5 362
This indicator is based on LazyBear SQ Momentum Indicator and SQ Plus Indicator.

This indicator is using ADX and Squeeze Momentum Indicator.

When you see the ADX above 0 line and the slop is positive that means the trend is strong
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When the ADX is below 0 line and the trend is weak you will see the slop negative and the color gray
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When we see the SQ changing the color from Red to Yellow that means the sell pressure is decreasing this could be a potential buy signal
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When we see the color changing from blue to dark blue that means the buy pressure is decreasing this could be a a potential sell signal
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Bull/Bear divergences supported

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Added SQ signal
this signal is an exponential moving average following the SQ main signal useful for filtering fake signals.

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This indicator is very powerful but offers many fake signals it is recommended using this indicator with other indicators to confirm the entries

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